Post
Topic
Board Currency exchange
incognito DEX. Liquidity rewards program.
by
incognitochain
on 04/06/2020, 10:27:06 UTC



Incognito DEX - the first confidential, permissionless decentralized exchange that allows cross-chain trading.

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A+ Rate on Nomics.
Listed on the CoinMaretCap (soon with API).


Total liquidity: $2.9M      Achievement:
+440% growth month-over-month 
Binance grant for BNB bridge
Total volume: $2.5MPrivacy for DeFi (Kyber, Uniswap, Compound): Decrypt, CoinTelegraph
+68% growth month-over-month 
Implementation for NEO and Zilliqa blockchains.
Firs eCommerce IncognitoPay.

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Provide liquidity. Provide privacy.

pDEX is the only exchange that protects user privacy, but without liquidity, what Incognito can do is limited. More liquidity = more privacy, for more people. It’s that simple.
Provide liquidity to pDEX. Put your crypto where it matters.

Earn rewards on any PRV pair

As the world’s privacy currency, PRV makes completely anonymous trades of any cryptocurrency possible.
So from June 1, 2020, you’ll earn rewards on every PRV pair.

How do I become a liquidity provider?

All you need to do is provide even liquidity to both sides of the pair – say PRV and BTC. For example – if you want to contribute $20,000 in liquidity, you’d have to contribute $10,000 of PRV and $10,000 of BTC.

Click here to expand instructions

Program details

Starting June 1, 2020, this is how liquidity rewards will be calculated:

  • Fixed rewards pool every month
  • Every PRV in any liquidity pool qualifies for rewards
  • Distribution continues every Monday 08:00 UTC (until Invest v2 is live)

The following diagram details the distribution of rewards over the coming months.



Want to estimate your ROI? Play with numbers here.

Figures above are dependent on demand. Rewards may increase or decrease according to the amount of funds in liquidity pools.

Here’s how to calculate your rewards

Let’s say you’ve contributed 10,000 PRV across any number of PRV pairs. Let’s say the total amount of PRV on pDEX is currently 1,600,000 PRV.
In June, 55,000 PRV will be distributed to liquidity providers. That’s you! Your contribution is 1/160 (10,000/1,600,000) of the total pool.

Quote
June reward = 55,000/1,600,000 * 10,000 = 343.75 PRV

Let’s take a broader look.

MonthReward in PRV   Total Pool in PRV
June    343.75    55,000
July    343.75    55,000
August    375    60,000
September       375    60,000
October    406.25    65,000
         

Rewards are paid out from the Incognito DAO, a self-sustaining organization dedicated to funding development of the Incognito ecosystem.

Ready to start earning rewards?
Just open pDEX from your Incognito app.

   



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